A Real Estate Concern-Hawaii - Big Island of Hawaii

What Every Buyer Should Know

Did you know that you are entitled to your own representation in a real estate transaction? I have been representing buyers for almost twenty years. I work very hard researching and previewing hundreds of properties. I belong to the MLS (Multiple Listing Service) and therefore have access to all the Realtor Listings. I also keep a file on FSBOS (For Sale By Owners) and foreclosures. The best part is, that you do not have to pay for these services. Commissions are usually shared by the Sellers' Realtor.

I am a skilled negotiator and have saved my clients literally thousands of dollars. Because I have lived on the Big Island since 1970, I know and love this island. There are over a dozen climatic zones on this island. I will show you what properties suit your needs. It is my agents and my goal to find you the perfect property.

Here are some terms that you may need to know while considering buying a property.

Glossary

Leasehold (LH) A way of holding title to property. The lessor holds the Fee Simple (FS) interest and the lessee hold the leasehold interest. The leasehold interest is determined by the lease itself. It is important to know the following facts about a lease before you consider purchasing:

Term or time left on the lease. The longer the term, the more desireable.
Lease Rent: What you pay to the lessor monthly, semi-annually or annually.
Lease Period: A fixed period of determined lease rent.
Surrender Clause. Some leases are not renewable and have a surrender clause.

Fee Simple (FS) This is the way most of America owns property. You have a deed proving that you are a vested land owner. Here in Hawaii, most of the land is owned by huge estates which are remnants of the old Hawaiian monarchy. The Kingdom of Hawaii owned all of the land. Bernice Pauahi Bishop Estate, is the largest of these land owners. They own 341,546 acres or approximately 23% of all of the land. More information to come soon.